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Olin [163]
1 year ago
15

Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its custome

rs. Using this information, Mauve is able to identify the individual needs of all its customers and provide tailored products and services. This scenario illustrates the concept of:
Business
1 answer:
Lesechka [4]1 year ago
3 0

Answer:

Mass customization

Explanation:

Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.

Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .

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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):
amid [387]

Answer:

Net income$ 1,982

Explanation:

Preparation of income statement for Krafty Foods for the year ended December 31, 2021

Krafty Foods Income Statement For the Year Ended December 31, 2021

($ in millions)

Operating revenues 34,375

Less Cost of goods sold 17,631

Gross profit 16,744

Marketing, general and administration expenses

11,560

Operating income 5,184

(16,744-11,560)

Interest and other debt expense, net

1,537

Income before taxes 3,647

(5,184-1,537)

Income tax expense 1,665

Net income$ 1,982

(3,647-1,665)

Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982

5 0
2 years ago
Thad works for a small company as its marketing director. The company is creating a new product to introduce to the market for s
RideAnS [48]

The correct answer is; The place or distribution of the paint .

Further Explanation:

There are a total of four things that make up the marketing mix. They are known as the 4P's in business and they are very important for the businesses to follow. The four marketing mixes are;

  1. Price
  2. Product
  3. Promotion
  4. Place

Since Thad has already spoken to the customers and has gotten their feedback he will not need the promotion. He has the customers input on colors, names, and expectations. He has also decided on a price, so he doesn't need to focus on that point anymore. However, <em>he has not determined the place or the distribution of his paint. He will need to focus on the place he will sell his paint. </em>

Learn more about marketing mix at brainly.com/question/859394

#LearnwithBrainly

4 0
1 year ago
The Super Discount store (open 24 hours a day, every day) sells 8-packs of paper towels, at the rate of approximately 420 packs
BlackZzzverrR [31]

Answer:

a) 2,093

b) It will reorder once there are 420 units left (demand during lead-time)

c) 34 days

Explanation:

a) economic order quantity

Q_{opt} = \sqrt{\frac{2DS}{H}}

<u>Where:</u>

D = annual demand = 21,900

S= setup cost = ordering cost = 50

H= Holding Cost = 0.50

Q_{opt} = \sqrt{\frac{2(21,900)(50)}{0.50}}

EOQ = 2092.844954

b) it takes four days to arrive:

if it sale 420 units per week then:

420 x 4/7 = 240 units are demand during delivery

c) order cycle:

EOQ / Annual Demand

2,093 / 21,900 = 0,09557 x 365 = 34.8333 days

It will order every 34 days (if it orders after 35 days will face shortage)

3 0
2 years ago
Since World War II, globalization has been driven by two major factors: the decline in barriers to the free flow of goods, servi
Irina-Kira [14]

Answer: a to 1

b to 4

c to 2

d to 3

Explanation:

A to 1

Due to declining Trade barriers largely driven by trade agreements, countries are able to trade on a larger scale than before because goods are able to move in and out of a country with less hindrances. Tariffs are no longer as high and this has spurred companies to trade across borders to take advantage of new markets that do not increase their costs of selling.

B to 4.

With technology being applied to transportation, shipping has been made easier and faster and has also improved access to markets. Since World War II, the world has become smaller due to vessels capable for circumnavigating the world at a fraction of the time that they used to. Now vehicles like cargo planes and bullet trains can carry goods faster and at a cheaper rate thus inspiring people to keep trading.

C to 2

With Investment Barriers being lifted, entities in one country now have easier access to Investment opportunities in another. People and companies who had resources sitting ideal have now found new markets to invest in. This has improved those markets as well as giving wealth to the investors in a sort of win win situation.

D to 3

Computing since the days of the second World War and now are so Stark in difference that people then would probably view computing now as unfathomable. With this growth in computer processing, people around the world are able to trade faster and more efficiently with goods now at the tip of their fingers. Even stocks in Tokyo can easily be traded on by people in Cairo and in Alaska you can order a good from Sri Lanka. This accessibility has greatly improved trade.

5 0
1 year ago
Phoi Nguyen, a manufacturing mechanic, determines that the molds for manufacturing plastic jar lids are wearing out sooner than
Harrizon [31]

Answer: Decider

Explanation:Phoi played the role of a decider because she contacted her manager to request that the parts be reordered.

6 0
2 years ago
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